Horizon Gold Ltd (AU:HRN) has released an update.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Horizon Gold Ltd has sold its entire stake in Alto Metals Limited for $5.16 million, yielding a substantial profit from its initial investment of $3.17 million. The proceeds will be used to advance the Gum Creek Feasibility Study and repay a loan from Zeta Resources Limited. This strategic move supports Horizon’s ambition to become a leading gold producer in Western Australia’s Sandstone district.
For further insights into AU:HRN stock, check out TipRanks’ Stock Analysis page.